04-12-2022
Mathematics

Answered

Mei Mei invested $39,000 in an account paying an interest rate of 7 3/4% compounded
quarterly. Isaac invested $39,000 in an account paying an interest rate of 7 3/8%
compounded daily. To the nearest dollar, how much money would Isaac have in his
account when Mei Mei's money has tripled in value?

Answer :

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